Donald Trump, tax cut
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Senate Republicans are proposing deeper Medicaid cuts, including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump’s tax breaks more permanent.
President Donald Trump’s “One Big Beautiful Bill” has one big problem: it isn’t winning any popularity contests. Polling shows the legislation that extends the Trump tax cuts while gutting Medicaid is underwater by as much as 29 percentage points -- an unheard of level, according to CNN data chief Harry Enten.
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Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized deductions.
The tax cuts in President Donald Trump’s One Big Beautiful Bill would likely gouge a $2.4 trillion hole in the federal budget. The president has a patch handy, though.